24
Madrid,
Due to climate change and the Russia-Ukraine war, the economy of European countries is under severe impact. As a result, the European Central Bank has increased interest rates to the lowest level in the last 10 years to control inflation in the European region.
In that way, Spain, one of the European countries, has been hit hard by the increase in inflation. All prices and charges including gas, food, electricity have gone up. Especially among European countries, inflation has increased sharply in Spain.
It is also reported that Spain is on the list of countries with the lowest average wages in Western European countries. Inflation is expected to increase further in the coming winter of this year.